An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia
This paper utilises an analytical framework to explore and critically examine issues and challenges of offering Shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Concepts from five distinct theories (Theory of Credit Cooperative, Transaction Costs Theory, Agency Theory, St...
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| Format: | Article |
| Language: | English |
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IIUM Institute of Islamic Banking and Finance
2015
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| Online Access: | http://irep.iium.edu.my/46315/ http://irep.iium.edu.my/46315/1/Md_Zabri%2C_Razak%2C_Mohammed%2C_2015%2C_An_Analytical_Framework_to_Examine_Shari%27ah-Compliant_Mortgage_Financing_by_Financial_Cooperatives_in_M.pdf |
| _version_ | 1848782946668904448 |
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| author | Zabri, Zaidi Abdul Razak, Dzuljastri Mohamed, Mustafa Omar |
| author_facet | Zabri, Zaidi Abdul Razak, Dzuljastri Mohamed, Mustafa Omar |
| author_sort | Zabri, Zaidi |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper utilises an analytical framework to explore and critically examine issues and challenges of offering Shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Concepts from five distinct theories (Theory of Credit Cooperative, Transaction Costs Theory, Agency Theory, Stakeholder Theory, and Theory of Credit Rationing) are modified and integrated to form a hybrid, layered framework. This is then used as a ‘lens’ to highlight the issues pertaining to business models and strategies, good governance, regulation and supervision, risk management, human resource management, which may influence the success of mortgage financing. This analytical framework is useful for relevant stakeholders on how to manage the issues, challenges, and harnessing the prospects of Shari’ah-compliant mortgage financing products.
© 2015 The IIUM Institute of Islamic Banking and Finance.
Keywords: Shari’ah-compliant mortgage financing, financial cooperatives (FC), analytical framework (AF)
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| first_indexed | 2025-11-14T16:13:32Z |
| format | Article |
| id | iium-46315 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:13:32Z |
| publishDate | 2015 |
| publisher | IIUM Institute of Islamic Banking and Finance |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-463152018-05-23T02:09:18Z http://irep.iium.edu.my/46315/ An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia Zabri, Zaidi Abdul Razak, Dzuljastri Mohamed, Mustafa Omar HG Finance HG179 Personal finance This paper utilises an analytical framework to explore and critically examine issues and challenges of offering Shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Concepts from five distinct theories (Theory of Credit Cooperative, Transaction Costs Theory, Agency Theory, Stakeholder Theory, and Theory of Credit Rationing) are modified and integrated to form a hybrid, layered framework. This is then used as a ‘lens’ to highlight the issues pertaining to business models and strategies, good governance, regulation and supervision, risk management, human resource management, which may influence the success of mortgage financing. This analytical framework is useful for relevant stakeholders on how to manage the issues, challenges, and harnessing the prospects of Shari’ah-compliant mortgage financing products. © 2015 The IIUM Institute of Islamic Banking and Finance. Keywords: Shari’ah-compliant mortgage financing, financial cooperatives (FC), analytical framework (AF) IIUM Institute of Islamic Banking and Finance 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/46315/1/Md_Zabri%2C_Razak%2C_Mohammed%2C_2015%2C_An_Analytical_Framework_to_Examine_Shari%27ah-Compliant_Mortgage_Financing_by_Financial_Cooperatives_in_M.pdf Zabri, Zaidi and Abdul Razak, Dzuljastri and Mohamed, Mustafa Omar (2015) An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Journal of Islamic Finance, 4 (2). 018-030. ISSN 2289-2109 E-ISSN 2289-2117 http://journals.iium.edu.my/iiibf-journal/index.php/jif/index |
| spellingShingle | HG Finance HG179 Personal finance Zabri, Zaidi Abdul Razak, Dzuljastri Mohamed, Mustafa Omar An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia |
| title | An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia |
| title_full | An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia |
| title_fullStr | An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia |
| title_full_unstemmed | An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia |
| title_short | An analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in Malaysia |
| title_sort | analytical framework to examine shari’ah-compliant mortgage financing by financial cooperatives in malaysia |
| topic | HG Finance HG179 Personal finance |
| url | http://irep.iium.edu.my/46315/ http://irep.iium.edu.my/46315/ http://irep.iium.edu.my/46315/1/Md_Zabri%2C_Razak%2C_Mohammed%2C_2015%2C_An_Analytical_Framework_to_Examine_Shari%27ah-Compliant_Mortgage_Financing_by_Financial_Cooperatives_in_M.pdf |